Director at CEVA (NASDAQ: CEVA) net-exercises 13,000 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CEVA director Louis Silver net-exercised stock options and settled the cost using shares rather than cash. He exercised options for 13,000 shares of common stock at $27.17 per share and forfeited 7,736 shares, valued at $45.66 per share, to cover the exercise price.
As a result, he received 5,264 new shares of CEVA common stock and did not conduct any open‑market sale. Following these transactions, he holds 55,269 common shares and 6,556 unvested RSUs, all reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,000 shares exercised/converted
Mixed
3 txns
Insider
SILVER LOUIS
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 13,000 | $27.17 | $353K |
| Exercise | Common Stock | 13,000 | $27.17 | $353K |
| Tax Withholding | Common Stock | 7,736 | $45.66 | $353K |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct, null);
Common Stock — 69,561 shares (Direct, null)
Footnotes (1)
- Represents a net-exercise of outstanding stock options. The reporting person received 5,264 shares of common stock on the net exercise of an option to purchase 13,000 shares of common stock. The reporting person forfeited 7,736 shares of common stock underlying the option in payment of the exercise price, based on the market price of Ceva common stock at the time of the option exercise. Represents 55,269 shares outstanding and 6,556 unvested RSU's. The stock option became exercisable as to 25% of the underlying shares on 07/01/2017, the first year anniversary of the grant date, and 25% each year thereafter.
Key Figures
Options exercised: 13,000 shares
Exercise price: $27.17 per share
Shares forfeited for exercise: 7,736 shares at $45.66
+3 more
6 metrics
Options exercised
13,000 shares
Stock option exercise on 2026-06-09 at $27.17 strike
Exercise price
$27.17 per share
Strike price for 13,000 stock options
Shares forfeited for exercise
7,736 shares at $45.66
Shares used to pay option exercise price
Net shares received
5,264 shares
Net shares from 13,000-share option exercise after forfeiture
Shares held after transactions
55,269 shares
Common shares outstanding in director’s account after exercise
Unvested RSUs
6,556 RSUs
Unvested restricted stock units held after transactions
Key Terms
net-exercise, stock option, RSU, tax liability, +1 more
5 terms
net-exercise financial
"Represents a net-exercise of outstanding stock options."
stock option financial
"Represents a net-exercise of outstanding stock options."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
RSU financial
"Represents 55,269 shares outstanding and 6,556 unvested RSU's."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
tax liability financial
"Payment of exercise price or tax liability by delivering securities"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transaction did CEVA (CEVA) director Louis Silver report?
Louis Silver reported a net-exercise of stock options. He exercised options for 13,000 CEVA shares and used 7,736 shares to pay the exercise price, receiving 5,264 net new shares with no open-market sale involved.
What were the key prices in Louis Silver’s CEVA (CEVA) option exercise?
The options had an exercise price of $27.17 per share. To cover this, 7,736 shares were valued at $45.66 per share and forfeited, with the balance of the 13,000-share grant delivered as 5,264 net shares.